Political institutions and economic growth reconsidered |
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| Authors: | Jakob de Haan |
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| Institution: | 1. Department of Economics, University of Groningen, PO Box 800, 9700, Groningen, The Netherlands
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| Abstract: | The debate on the relationship between institutions and economic development is discussed, focusing on two illustrations, i.e., the impact of democracy and political instability on economic growth. Various pitfalls of existing research are identified, like sensitivity of the outcomes to model specification, sample heterogeneity, measurement of political variables, and the treatment of the time dimension. |
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